yeah, i think incumbent senator of either party, this is something you have to be on the right side of. kim, to be pro filibuster, is that a good thing? it s lipstick on a pig. it s only important here. in the don t forget the student loan rates double. it s lip stick on a pig. if you make this little move, who cares? just get something done. you know? i think they are getting all mired in these process issues and it s going to make america mad. it does seem we have lost nobody believes that is the case any more. elections have consequences until i can stop it. thank you all and we got to do this on air. a quick correction. we misspoke and said senator joe manchin would talk about his student loan plan to senators at lunch today. his office let us know he is talking to democrats at his
being affirmed, you can bet they will return the favor next time there s a gop president. meanwhile the fight in congress is over student loan rates which doubled. yesterday house republicans tripped up the capital steps to very publicly blame senate democrats for failing to pass a bill. the white house and senate democrats have let these students down. frankly, i think they deserve better. the failure to lead on student loans is part of the president s larger issue and that is the failure to lead on the biggest issues facing our country. right now what they have done over there is worse for students than doing nothing at all. last night senator reid took the procedural step necessary to set up a wednesday vote on a short-term fix to lower loan rates. it would extend the current another year to july 1st leaving rates to students who need help.
mike, start with student loan issue. we saw doubling of student loan rates. what should we expect as far as any resolution when it comes to that? reporter: jenna, 4:00 this afternoon we expect house speaker john boehner and republican leadership to take east steps on the front side to hammer away at issue to act on it. on this very issue the speaker says, quote, we need the president to lead to bring senate democratic leaders to resolve this issue. republicans acted. we ve done our job. time for the president and his party to do their job. here is the a sample of the housep gop argument. for too long politicians have been in charge of setting these rates and we keep coming back to cliffs and deadlines like this one. paying for college is difficult enough without all this uncertainty. i have two kids in college. i know how hard it can be. reporter: the politics on this are interesting because the
paul: and you are going live forever, joe, no offense to you and, look, they have relatively little discretionary income so rather than pay health insurance, coverage that they don t need they will spend that money on other things. pay the fine? $95. paul: $95 a year. they are not going sign up joe. they will pay the fine? no matter how many pro athletes implore them to sign up. paul: this program seems to be headed for the rocks. still ahead, student loan rates double after congress fails to reach a last minute compromise. senate democrats standing in the way of solution even president obama supports. [ male announcer ] this is kevin.
as a college professor, i know how important deadlines can be and so do my students in new orleans at tulane university. you know who doesn t share an urgency for deadlines? congress. they missed a deadline to keep new student loan rates from doubling from 3.4% to 6.8%. according to this msnbc report. that means an extra $761 for every loan they take out through the program. the effect on students at historically black colleges and universities could be especially harsh. in addition to student loan interest rate loan hike since 2011 stricter reviews from the parent loan program hit hbus especially hard. because both the colleges and black families tend to rely significantly on plus loans, financial concerns recently prompted this warning for a